The EUR/GBP could be forming a top. After reaching a high of 0.7927 the pair was rejected down to 0.7652. Then we rallied again, hit a new high at 0.7946 only to get rejected a second time. Today we rallied to 0.7944 and predictably, we fell again. The chart below shows these unsuccessful pushes.
I don't think the pair will manage to break higher. Even if we look at the longer-term weekly chart, we can see that the 0.7800 - 0.8000 area was where prices spent the entire second half of 2014. Histo…
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